If you're looking to boost the returns from your ISA and SIPP portfolio, you'll need to find funds with real growth potential.
Last week we started to look at the criteria I follow when picking funds. In this post, and in the rest of this series, I'll take you through a process that makes the most of the extensive fund database offered by Morningstar.
When I take clients through the site and show them what to look for in a potentially winning fund, they find tremendous value – and so I hope you do too.
This is the Morningstar home page. To start my search I click on the ISA tab. I do this because it’s not possible to purchase some funds within a Stocks & Shares ISA.
As you discovered last week, the market has been in a bull market over the last three and a half years. So next, where it says ‘ISA Funds to Explore’, we are going to look at ‘ISA’ funds that have performed best over the last three years. We can do that by clicking on the tab that says ‘3 Year Returns.’
In the next post we will continue this tutorial by taking a look at the highest ranking funds year to date and why past performance of a fund can be looked at in a light you may not have considered before.
In the meantime, if you are interested in the funds that I currently hold in my portfolio please click here.
As always, if you have any questions or thoughts on the points I've covered, please leave a comment below or connect with us @ISACO_ on Twitter.
Please note past performance should not be used as a guide to future performance, which is not guaranteed. Investing in Funds should be considered a long-term investment. The value of the investment can go down as well as up and there is no guarantee that you will get back the amount you originally invested.
Find out where an expert invests
Are you an ISA or SIPP investor with over £100,000 actively invested? Are you looking for better returns but are unsure which funds to invest in? ISACO Wealth, our personal investment service, allows you to buy the same funds as a star-performing investor. You find out where he invests, keep full control of your account, enjoy a close relationship with a trusted expert, and benefit from the potential for attractive long-term returns.